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$2,250,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 3,387 Sq. Ft.
  • 0.1479 Acres
  • 2 Car Garage
  • Updated 4 days ago
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A singular luxury offering in Old West Austin, instantly recognized by anyone heading toward Pease Park. Overlooking Shoal Creek with commanding Capitol and downtown views, this rare property offers the feel of a private retreat with the walkability of one of Austin's most prized neighborhoods. The main living level is designed for effortless entertaining, with an open kitchen, dining, and living space framed by two patios-one perched above the creek canopy and the other neighborhood-facing. A custom wine cellar anchors the space, both a showpiece and a collector's dream. The chef's kitchen features a quartz island, counters, and backsplash, updated hardware, and premier appliances including a Wolf gas range, wall oven, and Sub-Zero fridge. The first floor hosts two secondary bedrooms, a bright flex room overlooking the backyard, and a dramatic media room framed by an original bank-vault door-the "safe room"-and elevated by a custom brick ceiling. The entire third floor is a serene primary suite with a dream walk-in closet featuring multiple dressing areas and built-ins. The crown jewel is the expansive rooftop deck with unobstructed Capitol and skyline vistas. Designed for entertaining, it features multiple seating areas, a covered lounge, and a wet bar-perfect for sunset cocktails or alfresco dining. With no HOA fees and STRs permitted, the property offers lifestyle and investment flexibility. Additional conveniences include an elevator, two-car garage plus extra parking, two laundry locations, and a natural backyard extending to Shoal Creek that can remain low-maintenance or be custom landscaped. Enjoy quintessential Austin living walkable to Pease Park and favorite dining spots including Jeffrey's, Josephine House, Wink, and neighborhood staples like Fresh Plus and Whole Foods. Downtown is moments away, offering the ideal balance of peaceful Old West Austin living with quick access to the city's culture and culinary scene.

Full Property Details for 1231 Parkway #2

General

  • Price: $2,250,000
  • Taxes: $34,109 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Austin_MLS
  • MLS ID: 4588931
  • Updated: 1/7/2026
  • Added to Site: 36 day(s) ago

Interior

  • Interior Features: Breakfast Bar, Ceiling Fan(s), Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, High Ceilings, Interior Steps, Kitchen Island, Multiple Living Areas, Multiple Dining Areas, Quartz Counters, Recessed Lighting, Walk-In Closet(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
  • Flooring: Carpet, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Main: 2

Other Rooms

  • Laundry: In Garage, Multiple Locations, Upper Level

Additional Information

  • Shared Amenities: None
  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Balcony, Exterior Steps, Private Entrance
  • Porch/Patio/Deck: Covered, Deck, Patio, Porch, Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Total Spaces: 4
  • Parking Features: Assigned, Attached, Off Street

Location

  • Area: 1B
  • County: Travis
  • Subdivision: PARKWAY PLACE CONDOMINIUMS AMENDED THE
  • Driving Directions: From 12th and Lamar, west on Parkway, home on right.
  • Direction Faces: West

School Information

  • Elem School District: Austin ISD
  • Midd School District: Austin ISD
  • High School District: Austin ISD
  • Elementary School: Mathews
  • Middle School: O Henry
  • High School: Austin

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available

Structural Information

  • Detached/Attached: Detached
  • Construction: Masonry, Stucco
  • Roof: Metal
  • Windows: Double Pane Windows, Window Treatments
  • Square Feet: 3,387
  • Sq. Ft. Source: Appraiser
  • Living Area: 3,387 Sq. Ft.
  • Year Built: 2001
  • Year Built Source: Public Records
  • Property Condition: Resale

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City Lights, City, Park/Greenbelt, Creek/Stream
  • Lot Size (Acres): 0.1479
  • Lot Size (Sq. Ft.): 6,442.52
  • Fence: Yes
  • Lot Features: Backs to Greenbelt/Park, Many Trees
  • Fencing (Description): Partial, Wrought Iron

Water Features

  • Water Front Name: Shoal Creek
  • Water Front Desc.: Creek, Stream

Financial Considerations

  • Assessment Amount: $1,721,103
  • Tax Amount: $34,109.06
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: UNT 2 PARKWAY PLACE CONDOMINIUMS AMENDED THE PLUS 50% INTEREST IN COMMON AREA
  • Disclosures/Reports: Seller Disclosure
  • Property ID: 2100012030000
  • Lot Number: 2

Listed by Compass RE Texas, LLC

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Listing agent

— 1231 Parkway #2 —

  • Compass RE Texas, LLC

(512) 825-7834

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1231 Parkway #2

School District:Austin Independent School District
NameGradesDistance
Mathews Elementary School
906 West Lynn Street, Austin, TX 78703
PK-60.6 mi
Austin High School, Austin, TX
1715 West Cesar Chavez Street, Austin, TX 78703
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1231 Parkway #2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/07/2026
Price Reduced
$2,250,000
-4.26%
MLS
12/12/2025
Listed
$2,350,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1231 Parkway #2

Year
Property Taxes
Change
Tax Assessment
Change
2024
$23,989
—
$1,721,103
24%
2024
$23,989
18%
$1,389,564
-3%
2022
$20,250
—
$1,431,811
-17%
2022
$20,250
—
$1,720,625
60%
2021
$20,339
-7%
$1,077,120
10%
2020
$21,804
4%
$979,200
—
2020
$21,003
-3%
$979,200
—
2018
$21,567
-12%
$981,860
2%
2016
$24,582
12%
$963,573
-13%
2017
$22,010
-6%
$1,102,265
8%
2015
$23,423
13%
$1,020,136
10%
2013
$20,767
—
$927,396
10%
2013
$20,767
—
$843,087
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1231 Parkway #2

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Compass RE Texas, LLC

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1231 Parkway #2, Austin, TX 78703 (MLS# 4588931) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 1231 Parkway #2 is currently listed for $2,250,000 and was received on December 12, 2025. Want to learn more about 1231 Parkway #2? Do you have questions about finding other Single Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

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